Phenol Prices, markets & analysis
For those looking to keep abreast of the global Phenol market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Phenol or related products, you need to know about the prices and the factors driving the prices in the global Phenol market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Phenol Overview Transcript
The global phenol market is structurally short and will remain so until new capacities starts to come on stream in Asia over the next few years.
Demand for phenol derivatives is set to remain steady in Europe, Asia and the US. This is because demand in downstream markets such as bisphenol A, caprolactam, adipic acid and phenolic resins is likely to remain subdued in the near term.
Global economic uncertainty and slow growth in developed markets will play their parts to aid stability. There is some concern over the supply of cumene, an upstream chemical, which may itself become short, tightening supply.
The other challenges facing the market for phenol are sharp fluctuations in the benzene price which can be hard to pass on to consumers in downstream markets where prices are negotiated rather than set on a formula basis.
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Phenol news and market information products from ICIS
We offer the following regional Phenol analysis and news coverage to keep you informed of factors and developments affecting prices in the Phenol marketplace.
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Phenol: Market overview
Asian phenol prices are likely to stay weak with lower Chinese import demand, due to domestic capacity expansions, lower prices of raw materials benzene and propylene, along with slow demand from the key downstream bisphenol A (BPA) sector. April and May will see a gain in supply as a busy phenol/acetone plant turnaround season draws to a close.
US phenol pricing should continue to track benzene contract values. Temporarily elevated production rates at some producers should return to the previous market range of 60-70% after maintenance is completed. With flat year-over-year domestic demand and limited export demand from Asia, the market should continue to struggle.
European phenol is seeing a small uptick in demand from the BPA and phenolic resins segments. Operating rates are over 80%, although buyers are still within contractual ranges. A risk is the availability of raw material cumene, which could reduce plant operating rates. Contract prices continue to be linked to raw material benzene.
Updated to mid-April 2014
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Phenol occurs as colourless to yellow crystals, with a characteristic carbolic odour which turns pink on exposure to light and air. It is strongly hydroscopic, liquefying in moist air. It is moderately dissolvable in water, but very soluble in ether, methyl and ethyl alcohol, carbon tetrachloride, acetic acid, glycerol, benzene and chlorinated hydrocarbons. The solution in water is a weak acid.
The main chemical intermediates and derivatives of phenol are bisphenol-A (BPA) used to make polycarbonate (PC) and epoxy resins, phenolic resins, caprolactam, alkylphenols, aniline and adipic acid. The largest market for phenol is BPA followed by phenolic resins.
Cumene-based technology is the dominant process to produce phenol. Here, benzene and propylene are reacted to form cumene, which is oxidised to the hydroperoxide, followed by acid-catalysed cleavage to yield phenol and acetone.